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The WikiFX Score of this broker is reduced because of too many complaints!

Ambition

Seychelles|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Chinese market only|High potential risk|

https://www.ambitionforex.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AmbitionTechnology-Live MT5
Server Location Hong Kong

Contact

+852 52617032
info@ambitionforex.com
https://www.ambitionforex.com
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+852 52617032

Chinese (Simplified)

85252617032

Broker Information

More

Company Name

Ambition

Company Abbreviation

Ambition

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    Ambition · Company Summary

    Note: Ambition's official site - https://www.ambitionforex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Ambition Review Summary
    Registered Country/Region Seychelles
    Regulation No Regulation
    Market Instruments N/A
    Demo Account N/A
    Leverage N/A
    Spread N/A
    Commission N/A
    Trading Platform MT5
    Minimum Deposit N/A
    Regional Restrictions Only Available in Chinese Markets
    Customer Support Tel: +852526 17032, +85252617032, Email: info@ambitionforex.com

    What Is Ambition?

    Ambition is a broker registered in Seychelles and operates without regulation. Primarily focused on the Chinese market, Ambition's operations are shrouded in mystery, with limited information available. The broker's official website is inactive, which raises questions about its credibility and transparency.

    Ambition

    Pros & Cons

    Pros Cons
    N/A
    • No Regulation
    • Focus on Chinese Markets Only
    • Dead Website
    • Scarce Information

    Cons:

    • No Regulation: Ambition operates without regulation, which raises concerns about the safety and security of funds for traders. Regulation is essential for ensuring transparency, accountability, and adherence to industry standards.

    • Focus on Chinese Markets Only: The broker's exclusive focus on Chinese markets limits accessibility and appeals to traders from other regions who seek diversified trading opportunities.

    • Dead Website: The fact that Ambition's website is inactive or non-functional suggests a lack of professionalism and reliability.

    • Scarce Information: Ambition's lack of transparency and limited availability of information make it difficult for potential clients to conduct thorough research and assessment before engaging with the broker. The scarcity of information raises doubts about the legitimacy and credibility of the platform.

    Is Ambition Safe or Scam?

    • Regulatory Sight: Ambition is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.

    No license
    • Issues Reported:

    Collapse of the platform: Users claimed that Ambition collapsed, leading to concerns about fraud and inability to access funds.

    Fraudulent behavior: There were accusations of fraudulent activity, with users claiming that individuals associated with Ambition changed their identities and continued scamming under different aliases.

    Inability to withdraw funds: Multiple users reported difficulties in withdrawing their funds from Ambition, with the platform allegedly only allowing access to commissions instead of the actual funds.

    Lack of communication and contact: Users expressed frustration over the lack of communication and contact from Ambition after encountering issues with withdrawals or other concerns.

    Counterfeit platforms: Some users mentioned instances where a third party allegedly counterfeited the Ambition platform, further complicating the situation and raising doubts about the platform's legitimacy.

    • Security Measures: So far we haven't found any information about the security measures for this broker.

    Customer Support

    Based on the provided information, the customer support of Ambition appears to be limited to telephone and email communication. Users can reach out to Ambition's support team via the provided telephone numbers(+852526 17032, +85252617032) or by sending an email to (info@ambitionforex.com)

    Conclusion

    Ambition is a non-regulated broker, with no regulation and a dead official website, and it provides service only to Chinese markets. And there is very limited information we can find on the internet. In this case, we do not recommend users to trade with this broker.

    Frequently Asked Questions (FAQs)

    Q: I am from the USA, can I trade with Ambition?

    A: No, you can't, since it only deals with the Chinese Markets.

    Q: Is Ambition regulated or not?

    A: No, it is not regulated.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    User Reviews

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    3

    Comments

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    FX1660147238
    more than one year
    Do not use this broker its a scam I've tried to contact customer services for two days now with no response I've withdrawn my money but not expecting to see it.
    2024-03-28 11:57
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    0
    曹古营瓷砖建材
    more than one year
    This dealer is really notorious and a well-known scam gang! They ran away two years ago, and now two years have passed, and I don't know if they have been brought to justice. The wicked will definitely have evil rewards!
    2022-12-15 14:33
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    0
    0
    老牛舐犊
    more than one year
    It's really scary that this company's website can no longer be opened, and many people on wikifx are saying that it cheated them of money... This kind of liar should be brought to justice! Hope the victims can recover their funds as soon as possible.
    2022-12-13 11:17
    Reply
    0
    0
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